Back

BounceBit Supports Institutional-Grade Stablecoin USD1 in CeDeFi Portal

The integration allows users to deploy USD1 into automated strategies for secure yield opportunities across centralized and decentralized platforms.

Summary

BounceBit has officially integrated the institutional-grade stablecoin USD1, issued by WLFI, into its CeDeFi portal as a qualified asset. This enables users to deploy USD1 in automated strategies, directing funds to both centralized and decentralized platforms, aimed at secure, delta-neutral yield opportunities.

Terms & Concepts
  • CeDeFi: A hybrid financial ecosystem combining centralized finance (CeFi) and decentralized finance (DeFi) to offer users flexible investment options.
  • USD1: An institutional-grade stablecoin issued by WLFI, designed to maintain a stable value against the U.S. dollar.
  • delta-neutral yield: A strategy that aims to generate returns while minimizing exposure to market volatility by balancing long and short positions.